312 Geraldine Road SE, Rio Rancho, NM 87124
$585,000
Property Type:
Residential Income
Square Footage:
3,308
Lot Size (sq. ft.):
11,761
Status:
Closed
Current Price:
$585,000
List Date:
1/19/2024
Last Modified:
4/01/2024
Description
Well-maintained 4-plex in quiet neighborhood near shopping, transportation, schools, medical/dental, theater and restaurants. All units remodeled in last year, newer stoves and refrigerators and roof overlay 1 year ago. No Polybutylene, all units replaced with PEX from water meter. Each apartment has 4' x 8' storage unit, covered parking for 1 vehicle and additional parking for 2+ vehicles. Property is in an easy-to-rent area of Rio Rancho and all units are currently leased with excellent payment history. Current actual rent is $40,800 annually, cap rate of 6.97% at asking price.
More Information MLS# 1055329
Status Change Info
Pending Date: 2024-01-20
Closing Date: 2024-03-29
Contract Information
Listing Price: 585000
Current Price: $585,000
List Price/SqFt: 176.84
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 312
Street Name: Geraldine
St Suffix: Road
Post Direction: SE
County: Sandoval
City/Town Code: Rio Rancho
State/Province: NM
Zip Code: 87124
Geo Lat: 35.251797
Geo Lon: -106.700444
Area: 150 - Rio Rancho MiD
Zone Atlas: 52
City/County Data
UPC Code: 101106928617133536
Subdivision: Star Heights
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 3308
SqFt Source: Per Appraisal
Apx Lot Dim Front: 80 ft
Apx Lot Dim Side: 155 ft
Lot Size Source: Survey
Acres: 0.27
Lot SqFt: 11761
Directions: From Unser Blvd and Southern Blvd, North on Unser to 5th Street, West on 5th to 18th Street, North on 18th to Geraldine Road to property on South side of street
Stories: 2
Total # of Buildings: 1
Year Built: 1983
Year Built Exception: Unknown
Age: 31 - 40
# Parking Spaces: 8
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: No Flood Map
Tax & Legal Info
GRT Code: 29-524
Current Taxes: 2749
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 830
Actual Rent: 900
Max Rent: 1200
Market Rent: 1100
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 830
Actual Rent: 700
Max Rent: 1200
Market Rent: 1100
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 830
Actual Rent: 900
Max Rent: 1200
Market Rent: 1100
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 830
Actual Rent: 900
Max Rent: 1200
Market Rent: 1100
Unit Summary
Total Units: 4
Average Unit Size: 830
Average Actual Rent: 850
Annualized: 40800
Total Actual Rent: 3400
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Enclosed Yard; Private Patios; Tenant Storage; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Disposal; Dryer H/U; Fan/Hood; Frestnd Gas Stv/Ovn; Refrigerator; Washer H/U
Utilities: Natural Gas Connected; Sewer Connected; Underground Utilities; Water Connected
Heating: Central Forced Air
Cooling: Central Air; Evaporative Cooling
Flooring: Carpet; Laminate; Tile
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Pets
Metering: Individual Electric; Individual Gas
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 2+Spaces Per Unit; Covered; Paved Lot
Roof: Pitched; Shingle
Rental Info: Month To Month; Yearly Lease
Finance Considered: Cash; Conventional
Zoning: R-2
Listing Office: Realty One Group Concierge
Last Updated: April - 01 - 2024
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